BHB Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	634.26M EUR	632.62M EUR	543.28M EUR	518.6M EUR
Enterprise Value	829.31M EUR	805.88M EUR	673.71M EUR	707.41M EUR
Valuation Multiples
Trailing P/E	12.78x	12.81x	13.5x	19.42x
Forward P/E	9.99x	--	--	--
Price to Sales	3.38x	3.27x	3.05x	3.96x
Price to Book	1.15x	1.15x	1.01x	0.97x
EV/Revenue	4.43x	4.17x	3.78x	5.4x
EV/EBITDA	--	--	--	--
Price to FCF (P/FCF)	--	11.06x	14.04x	14.53x
EV/FCF	--	14.09x	17.41x	19.82x
FCF Yield	--	9.04%	7.12%	6.88%